CBAK Energy Technology Limited

Good day, ladies and gentlemen. Thank you for standing by, and welcome to CBAG Energy Technologies' third quarter 2021 earnings conference call. Currently, all participants are in the listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at a time. As a reminder, we are recording today's call. If you have any objections, you may disconnect at this time. Now I'd like to turn the call over to Mr. Terry Lee, investor relations director of Seabag Energy. Mr. Lee, please proceed.

Thank you, operator, and hello, everyone. Welcome to Seabag Energy's third quarter 2021 earnings conference call. Joining us today are Mr. Yunfei Li, our chief executive officer, and Mrs. Yuna Pei, the interim chief financial officer. We released results earlier today. The press release is available on the company's IR website at ir.seabag.com.cn, as well as from Newswire Services. A relay of this call will also be available in a few hours on our IR website. On the call with me today are Mr. Yunfei Li, Mrs. Yuna Pei, Mr. Wen Wuhuang, the Vice President of Seabag Energy, Mr. Xiu Juntian, our General Engineer, our interpreter, Mrs. Yang. Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, forward-looking statements involved inherent risks and uncertainties. As such, the company's actual results may be materially different from the expectations expressed today. Further information regarding these and other risks and uncertainties is included in the company's public firings with the SEC. The company doesn't assume any obligations to update any forward-looking statements except as required under applicable laws. Also, please note that unless otherwise stated, all figures mentioned during the conference call are in U.S. dollars. With that, let me now turn the call over to our CEO, Mr. Yunfei Li. Mr. Li will speak in Chinese and I will translate his comments in English. Go ahead, Mr. Li. Thank you, Terry, and hello, everyone.

Thank you for joining our earnings conference call today. China China China China China will produce positive business results and increase our supply capability. We have made a strategic decision to accelerate the installation of Dalian's new production line. This is very necessary, because we have long denied the demand. This timely response has increased customers' confidence in us and helped us achieve more market orders in the third quarter,